United Kingdom

The National Archives (TNA), the official record-keeper of the UK government, is investigating the use of blockchain for records sharing. The research project, dubbed Archangel, is being led by the University of Surrey and involves partners such as the Open Data Institute. Among other goals, the initiative will explore the extent to which blockchain can address …

The U.K.’s City Minister, John Glen, told reporters at the Treasury’s International Fintech conference on Thursday that “proportionate” regulations could give the local cryptocurrency industry a significant boost. In his comments, Glen said the government is still “engaged in trying to find the right narrative and the right level of regulation if that’s appropriate,” according …

IG Group, a UK online derivatives trading company, has seen a “markedly” slower rate of cryptocurrency trading since the new year, even though the company had stated that their third quarter experienced a “bumper performance” due to the rising popularity of cryptocurrency derivatives, the Financial Times reports today, March 22. According to IG group data, …

The Treasury of the UK has announced the launch of a cryptocurrency task force made up of the Bank of England (BOE) and the Financial Conduct Authority (FCA) that will both regulate and support crypto technologies, CNBC reports today, March 22. The FCA had just released a global regulatory fintech sandbox on March 19 as …

Britain’s junior finance minister, John Glen, announced Monday that the government will launch new research aimed to explore the potential risks posed by cryptocurrencies like bitcoin. According to a Reuters report, the minister said: “In our upcoming fintech strategy, the government will announce further work with the Financial Conduct Authority and the Bank of England to consider these …

Britain’s Financial Conduct Authority (FCA) is launching a global fintech regulatory sandbox, after the successful progress of their 2016 release of a UK sandbox, that allows for innovative fintech development without requiring a full, strict regulatory process for testing, TrustNodes reports today, March 19. At the Innovate Finance Global Summit in London, which is taking …

UK-based cryptocurrency exchange Coinfloor will launch the world’s first “physically delivered” Bitcoin futures contracts in April 2018, an executive told Reuters March 14. Speaking to Reuters during the Futures Industry Association’s annual conference in Florida, Coinfloor’s co-founder Mark Lamb announced that the exchange would shortly unveil a dedicated futures exchange called CoinfloorEX, which would showcase …

Crypto exchange service and wallet Coinbase has become the first cryptocurrency exchange to open a UK bank account and gain access to the UK’s Faster Payments Scheme (FPS), according to a blog post by Coinbase CEO Zeeshan Feroz published today, March 14. While the Coinbase blog post does not name the bank in question, Bloomberg …

Medicalchain, a platform designed for recording patients’ medical records on Blockchain, has announced a partnership with the London-based Groves Medical Group for a pilot program giving patients access to telemedicine and the ability to pay in crypto, Medicalchain’s Medium post reported March 6. According to the Medium post, this partnership makes The Groves the first …

Revered UK Bitcoin developer Amir Taaki wants to recruit five “preferably female” developers to live a “quasi-monastic” lifestyle in order to give Bitcoin a “vision,” Wired reports March 6. In an interview with Wired, Taaki, who is known among the Bitcoin technical community as a central figure in preserving the largest cryptocurrency’s original values, said …

Unofficial investigations into money laundering at defunct cryptocurrency exchange Mt. Gox alleged that a UK “shell” company was involved in laundering 650,000 BTC (equal to about $6.9 bln at press time) March 7. According to an expose by File On 4, a program on the BBC’s news and current affairs radio station Radio 4, the …

The amount of venture capital fundraising for Blockchain-based companies so far in 2018 has already reached more than 40 percent of last year’s total, according to a report released by Crunchbase News on Feb. 27. Crunchbase News determined the companies to include in their data analysis by making a list of all organizations already categorized …

Two trade groups in Japan’s cryptocurrency industry have agreed to form an as-of-yet unnamed organization next month that will self regulate the local crypto market in conjunction with Japan’s Financial Services Agency (FSA), local news outlet Nikkei Asian Review reports Saturday, March 3. This cooperation in the Japanese crypto sphere comes after January’s hack of …

Bank of England (BoE) governor Mark Carney called for the authorities to regulate cryptocurrencies rather than “ban them outright” in his speech to the inaugural Scottish Economics Conference in Edinburgh on March 2, as reported by Financial Times. According to Carney, cryptocurrencies do not threaten “financial stability” at the moment, but they could after more …

The Treasury Committee of the UK Parliament will be launching an inquiry into cryptocurrencies and their effect on UK investors and businesses, BBC reports today, Feb. 22. The inquiry was prompted by the rising global interest in cryptocurrencies, as well as the recent rise and fall of the crypto market since the new year. Nicky …

UK-based global funds network Calastone has released research on Thursday, Feb. 22, showing Blockchain could save mutual funds up to $2.6 bln. In a press release issued Thursday, the company, which uses digital solutions to automate funds investment and save on costs, said the Blockchain technology holds “significant value potential” for the industry. “The numbers …

Bank of England (BoE) Governor Mark Carney declared that Bitcoin cannot be considered a legitimate currency by “traditional” definitions, The Telegraph reported Monday, Feb. 19. At an event at London’s Regent’s University, Carney claimed that Bitcoin failed to meet two major requirements of a traditional currency, claiming that Bitcoin is neither a means of exchange, …

Technology services company Citrix has commissioned a One Poll study that shows that 50 percent of British business are stockpiling cryptocurrencies, but only 7 percent invest in Bitcoin (BTC) exclusively, according to Citrix’s official blog. Who was surveyed? The study surveyed 750 “IT decision makers” in British business that had 250 or more people on …

Seven of the largest cryptocurrency companies globally have joined forces to form CryptoUK, a first of its kind trade association, whose goal is to self-regulate within the UK crypto industry, The Telegraph reported Tuesday, Feb. 13. CryptoUK is made up of global cryptocurrency trading platforms and services Coinbase, eToro, CryptoCompare, CEX.IO, BlockEx, CoinShares, and CommerceBlock, …

Two entrepreneurs from the UK – the founder of the Ultimo lingerie brand baroness Michelle Mone and her billionaire partner Douglas Barrowman – have sold 50 luxury apartments in Dubai that they originally promised to put on offer for Bitcoin last September, according to a report published by Business Insider Feb. 10. The $325 mln …

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27 November 2017 – In 2017-2018, the team of crypto startup Simdaq will implement a comprehensive platform and marketplace for developing trading strategies on cryptocurrency exchanges. To date, the founders have already invested more than $1 million in the development of the project, which uses the SMQ token as its internal currency. The first stage of ...

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